On this day in Arizona Real Estate:
11/23/1881 – The first Real Estate disclosure laws go into effect for the young territory on the heels of the sale of a corral in Tombstone with a non-disclosed stigma. Claiming he would have paid considerably less for the property had he been aware of its recent history of people getting shot in the face, Jebediah Tippins also holds the distinction for the first ‘For Sale By Owner’ purchase in the Southwest.
11/23/1912 – Edward Reems of Copper Crest Realty & Insurance double-ends the first sale of a covered wagon park in state history. He is later found hanged by a fellow agent for alleged ‘buyer rustling’.
11/23/1937 – Eli Smokes invents the lockbox in Prescott, AZ and immediately gives out the combination to the town drunk.
11/23/1974 – The Arizona Association of Realtors introduces the Arizona Regional Multiple Listing Service, responds to immediate consumer demands for full online access to the raw listing feed by noting that the internet has not been invented yet.
11/23/1987 – Timothy Barnaby of Tucson is the first to cross out ‘7%’ in the boilerplate of a listing agreement, sparking a revolution against Real Estate fees that would be a boon for consumers in their pursuit of affordable, crappy service.
11/23/2004 – Arizona Real Estate buyers lose their collective minds.
11/23/2007 – The party’s over as lending institutions turn out the lights on all programs geared towards borrowers with sub-eight hundred FICO scores who earn less than seventeen million dollars a month.
11/23/2011 – Paul Slaybaugh with Realty Executives prepares to give thanks to his faithful clients for helping him successfully navigate another crazy year in the ever-changing waters of the Scottsdale Real Estate scene.
Thank you, Arizona. Looking forward to another year of firsts, both real and imagined.